Is Benton Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Benton Charter Township was a Seller's Market.
Key Takeaway
Benton Charter Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Benton Charter Township, MI
How much do homes in Benton Charter Township, MI cost?
Median Sold Price
$165,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Benton Charter Township have sold for 18.7% more than they did a year ago.
Summary: The median home sold price in Benton Charter Township was $165,000 in April 2024, up 18.7% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $57K | $84K | +47.4% |
| 2 Bedrooms | $82K | $93K | +13.4% |
| 3 Bedrooms | $157K | $167K | +6.4% |
| 4 Bedrooms | $180K | $314.9K | +74.9% |
| 5+ Bedrooms | $473K | $306K | -35.3% |
Summary: Benton Charter Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.4%, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 74.9%, and 5+ bedroom homes decreased by 35.3%.
Median Sold Price Compared To Nearby Cities
| Benton Harbor | $129.5K | $180K | +39.0% |
| Benton Charter Township | $139K | $165K | +18.7% |
| Hagar Township | $222.5K | $234K | +5.2% |
| Royalton Township | $385K | $400K | +3.9% |
Housing Supply in Benton Charter Township, MI
How many homes are available in Benton Charter Township, MI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 35 | +6.1% |
Summary: The Benton Charter Township real estate market had 35 homes for sale in April 2024, a 6.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 10 | 13 | +30.0% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Benton Charter Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 30%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Benton Charter Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Benton Charter Township in April 2024, down by 25.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Benton Charter Township, MI
How long does it take to sell a home in Benton Charter Township, MI?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 69 Days | 77 Days | +12.0% |
Summary: Homes in Benton Charter Township had an average of 77 days on market in Apr 2024, up by 12% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Benton Charter Township are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 6 homes were sold in Benton Charter Township; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.